The Company and its furnace supplier have continued work to bring a large furnace into production at the plant. During August CFCL and the furnace supplier retrofitted the furnace with specially designed parts. We have tested this equipment and confirmed the furnace is capable of making fuel cell stacks which meet our quality requirements and technical specifications. These stacks are being used in BlueGen products for customers. We are now fine-tuning the furnace to increase yield and consistency. The modifications we have implemented give us a production capacity of approximately 12 stacks per week (in addition to the existing capacity of the small furnaces). During September and October we will use the large furnace to make stacks to meet forecast sales. We will then complete the modification of the furnace, to allow a combined production capacity of approximately 32 stacks per week (or 1,500 stacks per year).
CFU Price at posting:
5.6¢ Sentiment: None Disclosure: Held
